Gifts of Life Insurance

(A Gift of Buried Treasure)

How it works

	You transfer ownership of a paid-up life insurance policy to the Catholic Foundation.
	The Catholic Foundation elects to cash in the policy now or to keep the policy and receive the death benefit later.

Benefits

• You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
• In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
• You can have the satisfaction of making a significant gift now to the Catholic Foundation without adversely affecting your cash flow.